Saturday, August 14, 2010

New World Order: Swedish PM wants to cut taxes


Sweden has bounced back quickly from the global downturn and the economy is set to grow strongly this year. Government finances are the best in Europe, giving the centre-right government room to stimulate the economy further.
Outlining the tax cuts, Reinfeldt said there would be fewer people in work and more on welfare if the opposition were elected, leading to tax hikes in a nation with one of the world's highest tax burdens.
"We chose instead to cut taxes for normal people who work," Reinfeldt said, adding 6.1 million workers and pensioners would benefit from the proposals.